Shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.00.

FSM has been the subject of a number of research reports. BidaskClub cut shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. National Bank Financial reissued an “outperform” rating on shares of Fortuna Silver Mines in a research report on Monday, May 15th. Finally, Canaccord Genuity initiated coverage on shares of Fortuna Silver Mines in a research report on Thursday. They issued a “buy” rating for the company.

Fortuna Silver Mines (NYSE:FSM) opened at 5.07 on Friday. The company has a 50-day moving average price of $4.69 and a 200-day moving average price of $4.88. Fortuna Silver Mines has a 52 week low of $4.11 and a 52 week high of $8.36. The stock has a market cap of $807.26 million, a price-to-earnings ratio of 19.80 and a beta of 0.22.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Fortuna Silver Mines had a net margin of 15.97% and a return on equity of 9.08%. The firm had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $58 million. During the same period in the previous year, the company earned ($0.01) earnings per share. Fortuna Silver Mines’s quarterly revenue was up 43.6% compared to the same quarter last year. Equities research analysts anticipate that Fortuna Silver Mines will post $0.27 EPS for the current year.

Large investors have recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Fortuna Silver Mines by 18.5% in the first quarter. Creative Planning now owns 21,781 shares of the basic materials company’s stock valued at $113,000 after buying an additional 3,400 shares during the last quarter. Exane Derivatives raised its holdings in shares of Fortuna Silver Mines by 283.3% in the second quarter. Exane Derivatives now owns 23,000 shares of the basic materials company’s stock valued at $113,000 after buying an additional 17,000 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Fortuna Silver Mines by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock valued at $148,000 after buying an additional 561 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Fortuna Silver Mines by 404.2% in the first quarter. Tower Research Capital LLC TRC now owns 29,748 shares of the basic materials company’s stock valued at $155,000 after buying an additional 23,848 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Fortuna Silver Mines in the second quarter valued at about $147,000. 41.60% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Fortuna Silver Mines Inc. (FSM) Receives Average Rating of “Buy” from Analysts” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/09/fortuna-silver-mines-inc-fsm-receives-average-rating-of-buy-from-analysts.html.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

Receive News & Ratings for Fortuna Silver Mines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.